*ISLAMABAD - The Asian Development Bank is all set to give $3.4 billion in budgetary support to Pakistan, confirmed Finance Adviser Dr Abdul Hafeez Shaikh on Saturday.*
The first installment of the funds will be released in the first quarter of tis fiscal year, Dr Shaikh said. It will be an amount of $2.2 billion.
Dr Shaikh says this will “help the revenue and external account position”.
The support, he said, is in addition to the project portfolio with an estimated disbursement of upto $1 billion in the coming years. “I appreciate the commitment of the ADB to our economic reform agenda, Dr Shaikh tweeted.